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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
WASHINGTON, D. C , APRIL 16, 1942
SUMMARY OF BUSINESS TRENDS
I
of the use of strategic materials was further ex\J tended last week by an order of the War Production Board,
virtually halting nonessential construction. Certain types of
building will be considerably curtailed since the new order
specifically provides that no residential construction (except
maintenance and repair) may be started without permission if
the estimated cost is $500 or more. Similarly, no new agricultural construction may be started if the estimated cost is
$1,000 or more. No other construction including institutional,
highway, or utility construction, whether publicly or privately
financed, may be undertaken without permission if the cost is
$5,000 or more.
Although priority assistance has been denied residential and
other projects of nonessential character since October 1941, such
construction has been maintained in considerable volume. Construction contracts awarded as reported by the F. W. Dodge
. Corporation for 37 States during March, for example, for privately
owned building construction amounted to $138 million—approximately one-third less than a year ago but still a significantly
large sum. For the first quarter, the value of these contracts for
private building amounted to $380 million, compared with $558
million for the 1941 first quarter. While the new order will undoubtedly diminish the volume of new construction initiated on
private account during the second quarter, the tremendous demands of the war program will result in the maintenance of
building at a very high level.
Commodity prices continue to reflect the divergent trends of
the supply of goods and the effective demand for goods. For
the week ended April 4, the weekly wholesale price index of the
Bureau of Labor Statistics stood at 97.9 (1926=100), up 3.8
percent since the first week in January and up 30 percent since
the outbreak of the war in September. 1939. Farm products,
foods, and textiles still lead the price advance, farm products
having increased roughly 8 percent and food and textiles 6
percent since the beginning of the year.
Considerable variation is indicated in the movement of commodity prices, but the trend has been definitely upward. Between January 2 and April 10, the price of cotton rose nearly 13
percent with cotton textile prices advancing about one-half this
percentage under the sliding-scale ceilings established by O. P. A.
During the same period, prices of hogs and steers increased 26
percent and 8 percent, respectively, while the price of corn
increased only 4 percent, and wheat prices fell somewhat. The
prices of scrap and waste materials which had increased rapidly
before the institution of Government control, have risen only 2
percent since the first of the year. For the week ended March 28,
the price of waste paper increased 5 percent, while the prices of
textile waste materials and especially of scrap metals increased
but little. In fact, during the past year, scrap metal prices
decreased nearly 16 percent as a result of the controls exercised by
O. P. A. In retail markets, however, the movement is more
consistent in an upward direction as earlier rises in wholesale
markets are reflected in quotations to consumers, and the latter
are in possession of enhanced money incomes to purchase
wanted commodities.
SELECTED BUSINESS INDICATORS
STEEL INGOT PRODUCTION
(PERCENT OF CAPACITY)
ELECTRIC POWER PRODUCTION
(BILLIONS OF KILOWATT HOURS)
FREIGHT-CARLOADINGS
(THOUSANDS OF CARS)
140
120
1942^
100
1941 ~*
80
60
t940^>
.
40
1
.
,
I
.
.
CRUDE OIL RUNS - T O - STILLS
(MILLIONS OF BARRELS- DAILY AVERAGE)
BITUMINOUS COAL PRODUCTION
(DAILY AVERAGE-THOUSANDS OF TONS)
5.0
MISCELLANEOUS CARLOADINGS
(THOUSANDS OF CARS)
4.5
3.5
3.0
2.5
1
.
.
1.
COMMERCIAL LOANS
(BILLIONS OF DOLLARS)
WEEKLY WHOLESALE
F.H.A. HOME MORTGAGES
(NUMBER SaECTED FOR APPRAISAL ON HOMES TO BE BUILT)
PRICES
(1926*100)
2000
PRICES OF 3 5 4 INDUSTRIAL STOCKS
DEPARTMENT STORE SALES
(SEASONALLY ADJUSTED 1923-25-100)
140
MONTHLY DATA
A
(1935-39 - 100)
\
A h
130
120
MO
100
90
80
. . I , . 1 . . 1 , . . . 1 . . 1 . . 1 . . -, , i . . ! . . 1 . . . . 1 . . 1 • . 1 . .
1941
1940
1339
1942
452945—42
1939
1940
1941
1942
2
WEEKLY BUSINESS INDICATORS •
[Weekly average, 1935-39-100, except as indicated; data beginning January 1939 for most of the series on a 1935-39 base and 1939 and 1940 data for theNew^York'Timesi Inaex
of business activity, also data beginning September 1939 for the price index of 28 basic commodities, are shown in table 32, pp. 24-26, of the November 1941 SPBVEYJ
Business activity:
New York Timesi—
Barron's, 1923-25=100
...
Business Week§, 1923-25=100.
Commodity prices, wholesale:
Dept. of Labor:
Combined index, 1926=100.
Farm products—
Food—..
^
^
,
Allother
28 basic commodities©
Fisher's index, 1926^100:
Combined index. _'
.
Copper, electrolytic!—
---.
Cotton, average, 10 marketsJ...
Construction contracts
Distribution:
Carloadings—
- Department-store sales
Apr. Apr. Mar. Mar. Mar. Apr. Apr. Apr. Apr.
13 6
12
5
11
4
28 21 14
136.0 133.8 133.8 133.7 120.6 121.7
98.1
146.0 144.1 143.0 141.8 131.2'132.2 100.0 100.5
180.0 178.6 177.1 175.9 144. 6 146.4 104.8 104.3
97.9 97.4
104.2 103.4
97.2 95.9
95.6 95.3
167.3 167.2166.4
97.2 97.1
103.1 102.3
95.5 95.8
95.3 95,2
165.8166.1
82.9
74.9
77.5
85.9
136.8
82.2 78.0 77.6
72.7 68.0 67.0
76.7 70.8 .69.7
85.8 82.7 82.7
134.8115.0112,1
89.2 88.7 84.5 83.7
112.9 112.9 112.9 112.9 112.9 113.9 112.9 106.2 105.3
187.4 186.8 182.9 178.1 177.7 101.6 102.1 97.6 96.8
125.1
414.7 244.1 163.7 145.4
105.4 104.8 103.8 103.8 103.6
127.1123.4 122.2 122.6
160 147; 1401 131
1940
1941
1942
1940
1941
1942
Apr. Apr. Mar. Mar. Mar. Apr. Apr
12 5
21
14
28
104.3 104.8 94.9 92.4
97 112
136 131
Employment, Detroit, factory,
1923-25=100
Finance:
Bond yieidsi—.
Stock prices*
Banking:
Debits, outside N . Y . C . t — Federal Reserve reporting
member banks:
Loans, total..
•....
Currency in circulation tFailures, commercial, 1939-100
Production:
Bituminous coalj
Electric power
Petroleum!
Steel©
——:
-
108.3
109.9 108.9
111.0
82.5 82.7 83.0
83.0 83.6 83,5 84.083.7 87.4 87.7
64.5 63.5 63.8
63.8 64.0 63.6 80.382.2 101.4 101.1
130.2 160.3 150.1 166.3 132.5 114.5 147.1 93.3 123.9
132.8 133.0 133.1 133.6 133.2 114.9 114.7 100.7 101.0
183.1 183.0 181.0 181.0 181. 6141. .8 141.2 118.6 118.6
76.0 85.9 94.7 "1.2 79.2 84.8 94.3 121.6 96.8
51.2 98.3 104.9
155.4 143.0140.5 141.8 15.4 51.2
157.2 157.1 157.6 157.6 136.4 139.0 118.8 117.1
108.0 120.7 116.6 111,.0 113.8 111.0 121.7 118.3
187.6 188.0 188.4 186.3,185.3 179.5 179.3 107.2 107.9
• Data do not cover calendar weeks in all cases. ^Seasonally adjusted. {Daily average. ©Index for week ended Apr. 18 is 185.0.
.
,; §For New York Times index, computed normal~100; this index has been revised backto January 1941; 1941 and 1942 data are shown on the revised basis beginning with
the Jan. 15,1942, and Feb. 26,1942, issues, respectively. The Business Week index has also been revised for 1941 and 1942; 1941 data are correct as published only beginning
with" the issue of Feb. 5,1942; 1942 revisions were first shown in the issue of Mar. 19.
•
©Thursday prices; August 1939*100.
WEEKLY BUSINESS STATISTICS •
1941
1942
Apr. 11
COMMODITY PRICES, WHOLESALE
Copper, electrolytic, New YorkJ
_.__.dol. per lb_.
Cotton, middling, *$*«" average, 10 marketsji__do.__.
Food index (Dun and Bradstreet)_
do
Iron and steel, composite.
.dol. per tonWheat, No. 2, Hard Winter (Kansas City) -dol. per bu.
. . ... FINANCE
.
Banking: "
Debits, New York City
mil. of dol..
Debits, outside New York City (140 cities)
do....
Federal Reserve banks:
Federal Reserve bank credit, total
...do
U. S. Government securities
do
Member bank reserve balances
do
Excess reserves, estimated..
-_.__.i._do
Federal Reserve reporting member banks:
Deposits, demand, adjusted
do
Deposits, time—
_.do
Investments, total.
_
____
do
XT. S. Government direct obligations
.do
Obligations guaranteed by U. S. Govt
.dp
LoanSj total
_
._
do _.
Commerc'l, indust'l, and agricult'l loans. __ do....
Interest rates, call loansf
_
percent..
Interest-rates, timeloansj
_.
_.
__do~Currency in circulation!
mil. of dol
Exchange_rates: Pound sterling*-—--—-dollars..
Failures, commercial
„
-.number.
Security markets:
--• •
Bond sales (N. Y. S. #.)___.thous. of dol. par.value..
Bond yields (Moody's)t
percentStock sales (N. Y. £. £.)___
thous. of shares..
Stock prices (N. Y. Times)t.z.z-.:....do}, per shareStock prices (Stand, and Poofs) (402)1..1935-39=100_.
Industrials (354)
_
_._
do.
Public utilities (28)..
_.. do/""
' Railroads (20)
do~
Apr. 4
Mar. 28
Mar. 21
Mar. 14
Apr. 12
1940
Apr. 5
Apr. 13
1939
Apr. 6
Apr. 15
Apr. 8
a 118
.203
3.60
38.15
1.18
0.118
.199
• 3.57
38.15
1.19
0.118
.194
3.57
38.15
1.21
0.118
.193
3.59
38.15
1.22
0.119
.111
2.75
38.15
0.118
.111
2.72
38.15
0. Ill
.106
2.30
36.56
1.04
0.110
.105
2.28
37.07
1.03
0.105
0.108
2.28
36.32
2.27
36.40
6,713
3,650
6,290
4,289
6,967
3,790
5,547
4,720
6,160
3,122
3,903
4,423
5,189
2,326
2,244
12,527
2,847
2,351
2,249
12.939
3,161
2,347
2,253
12,968
3,266
2,244
2,184
13,506
5,941
2,500
2,467
12,575
5,949
2,512
2,467
12,395
5,815
2,714
3,672
2,584
2,564
9,528
3,879
3,641
4; 536
, 9
2,244
12,496
2,999
3,243
4,794
2,235
2,184
13,656
6,027
25,010
24,574
5,129
5,125
19,585
19,379
13,058
12,942
2,701
2,702
11,446
11,402
7,035
7,008
1.00
1.00
1.25
1.25
11,482
11,485
•4.035
•4.034
193
; 268
25,129
5,153
19,623
13,215
2,720
11,411
6,959
1.00
1.25
11,525
• 4.035
224
23,430
5,457
17,292
10,726
2,751
9,846
5,494
1.00
1.25
8,996
•4.029
240
5,441
17,124
10,578
2,753
9,82S
5,465
1.00
1.25
8,9 £6
•4.030
267
19,465
5,360
14.835
8,938
2,379
8,631
4,393
•4.035
215
24,197
5,120
19,100
12,705
2,684
11,394
7,003
1-00
1.25
11,610
'4.035
243
1.25
7,523
•3.515
.344
19,175
' 5,355
14,666
8,848
2,380
8,649
4,414
1.00
1.25
7,528
•3.569
274
16,388
5,212
13,571
8.213
2,038
8,120
3,852
1.00
1.25
6,856
4.680
313
16,072
5,215
13,470
8,145
2,035
8,164
3,838
1.00
1.25
6,865
4.681
295
47,901
3,34
1,724
69.84
65.3
66.9
58.3
63.0
40,978
3.35
1,338
68.74
64.4
65.9
57.7
61.7
61,030
75,640
3.38
3.36
1,864
1,707
69.23
69.11
65.7
65.2
• 66.7 66.9
59.7
58.6
64.7.
63.1
58,450
3.38
2,026
68.83
64.4
65.4
59.8
64.3
79,680
37,090
3.39
3.40
3,186
2,326
86.91 ' 8 9 . 0 1
80.7
78.7
80.2
78.0
86.2
84.9
, 71.1 72.9
42.310
3.54
6,895
" 109.78
98.5
99.2
103.0
77.7
49,310
3.55
7,270
109.46
98.7
99.4
103.5
78.5
35,440
3.88
6,553
89.78
83.7
83.8
90.9
62.6
32,820
0.118
.204
3.63
38.15
1.16
3,143
5,455
2,384
2,243
12,715
3,169
24,799
5,117
19,502
13,080
2,696
11,381
6,975
1.00
1.25
11,616
..
1.00
2,584
2,564
9,318
3,708
3.81
6,842
89.95
86.4
86.5
93.0
66.3
PRODUCTION, CONSTRUCTION, AND
DISTRIBUTION
Production:
. • • '
Bituminous coal{..-.*...:
.:..thous. of short tons..
Electric powerA
mil. of kw-hr__
Petroleumj
_ .thous. of bbl..
Steel©r.-._u
_pct. of capacity..
Construction contract awards!
thous. of dol
Distribution:
Freight carloadings, total
cars..
Coal
do _
Coke;. _._..._____
. _ • . „ . . „ „ . „ . „ „ ; : do—I
Forest products
...do
Grains and grain products
_
do
Livestock
do
Merchandise, 1. c. I
do
Ore-_r--_
,._.
...do
Miscellaneous
_
do...
Receipts:
Cattle and calvestthousands..
gogst
<U>-_.
Wheat at primary markets
thous. of bu..
3,083
2,019
3,349
3,418
98.8
1,858
3,346
3,820
99.0
1,825
3,357
3,692
97.9
22,955
1,842
3,357
3,515
97.4
15,396
200
2,906
3,604
99.3
13,669
620
2,960
. 3,514
99.2
1,277
2,530
3,854
61.3
11,762
1,363
2,494
3,745
61.7
324
2,235
3,495
52.1
12,659
281
2,244
3,444
54.7
828,890
147,816
13,845
48,415
35,330
11,986
139,798
55,044
376,656
804,746
156,048
13,846
45,921
33,714
10,797
143,550
30,154
370,716
796,640
152,907
14,074
47,469
35,608
10,445
145,078
15,963
375,096
799,356
155,612
13,755
47.4S6
38.233
10,868
146,821
12,710
373,871
679,808
31,592
9.478
39, 282
33,696
10,788
161,667
45,951
347,354
683,402
58,841
10,160
38,682
35,405
10,837
162,942
18,238
348,297
619,105
113,642
7,326
31,174
31,196
11,146
14S, 301
12,539
263,781
602,835
100,626
7,331
31,640
30,108
9,999
149,766
10,375
262,990
547,179
54,461
5,839
2S.008
30,928
12,483
154,139
11,259
250,0G2
634,952
45,941
6,024
26,8<1
212
279
2,050
203
280
3,714
199
279
4,214
200
307
4,526
167
263
3,653
ISO
299
320
5,512
166
315
5,593
4,022
3,197
JDaiV
«t>
• Data do not a>ver calendar weeks in all cases.
- l i r e i rate.
•Free
o
ato.
IRev:-- -*-*&'
TKovised
series.
Bee table 32, pp 24-26 of the November 1941 SURVEY for stock prices beginning January 1939 and cotton prices be firming August 1939.
Swfe
t?6^i J e Apr.. 18 isi97.2; data for 1942 are based on estimated capacity as of Dec. 31,1941, of 88,570,000 tons of steel ingots and steel for castings.
!?iS?52
if ™
availablepnorto 1940 because of a change in the markets included in the data beginning with that year.
A1941 data are shown on a revised basis beginning with the Jan. 15,1042, issue; 1941 and earlier revisions not published are available on request.
30,210
10,531
157,748
8,657
243,970
MONTHLY BUSINESS STATISTICS
1942
Earlier data are Available in monthly issues of
the Surrey and the 1940 Supplement
March
1941
1942
FebruMarch Januaryary
COMMODITY PRICES
Retail prices, Fairchild's index:
Combined index.
Dec. 31,1940=100..
Apparel:
Infants'
do.
Men's-.. „
do.
Women's
l...do.
Home furnishings
do.
Piece goods..
do.
112.5
94.8
110.2
111.9
107.5
104.2
112.1
115.1
111.8
97.6
89.4
'83.6
96.5
87.8
104.9
101.1
109.1
112.7
107.1
106.7
102.7
111.2
114.3
110.8
34,503
4,398
' 4,159
32,567
4,152
30,534
3,919
125
74
109
95
112
95
108
84
106
121
97
116
103
125
116
108
IIS
109
98
118
107
130
108
123
99
121
112
122
100
122
104
115
145
110
129
138
159
154
149
161
152
132
161
138
167
'122
74
'113
103
'108
'85
. "95
••94
116
' 125
'101
132
'126
^ 141
'135
'130
'127
M34
r 116
157
M17
167
32,304 23,862
479, S03 316,846
349,317 225,589
40,000
433,557
337,620
452,430 628,780
634,823
*>116
P127
P138
J>168
M23
J-143
P122
P144
*141
M41
P134
M22
J-118
CONSTRUCTION AND REAL ESTATE
Contract awards:
F. W. Dodge Corporation (37 States):
Total projects
number.. 55,843
Total valuation
thous. of dol_. 610,799
451,110
Building, total
_
...do
Engineering construction:
729,485
Contract awards (E,N.R.)§
do
Highway construction:
Concrete pavement contract awards:
7,091
Total!
thous. of sq. yd..
3,972
Airports*
do.
1,727
Roads
do1,392
Streets and alleys.
...do—
Construction cost indexes:
206.5
Asso. General Contractors..
1913=100..
271.8
Engineering News Record (all types)..do
FINANCE
Banking:
Bank debits, total (141 cities)...mil. of dol...
New York City
_
do....
Outside New York City
do....
Security markets:
Bonds:
Prices:
Average price of all listed bonds (N. Y.
S."E.)~_
dollars*.
Domesticdo—
Foreign
-do—
U. S. Treasury bonds!
-—do
Value, issues listed on N. Y. S. E.:
Face value, all issues
mil. of dol...
Domestic issues
do
Foreign issues..
do
Market value, all issues
do—
Domestic
do.
Foreign
do
Yields: U. S. Treasury bondst—percentStocks:
Prices:
Average price of all listed shares (N. Y.
8. E.)._...
—Dec. 31,1924-100..
Shares listed, N. Y. S. E.:
Market value, all listed shares
mil. of dol..
Number of shares listed
mil..
3,567
1,029
1,531
1,007
4,726
2,4£0
1,139
1,098
3,464
1,451
1,110
194.2
252.4
203.3
269.4
204 0
269.7
44,807
17,056
27,751
40,988
17,402
23,586
44,261
17,247
27,014
37,773
14,242
23,531
95.97
97. S8
58.95
110.2
93.73
97.73
40.28
110.1
95.24
97.31
58.45
110.1
95.13
97.18
57.40
108.9
60,579
57,471
3,108
58,140
56,308
1,832
2.00
55,746
51,419
4,328
52,252
50,249
2,003
2.01
59,076
55,924
-3,152
56,2G1
54,419
1,842
2.01
60,532
57,411
3,121
57,584
55,793
1,791
2.09
44.5
54.1
49.2
47.8
1,457
30,228
1,467
35,234
1,467
32,844
1,469
TRANSPORTATION
Class I Steam Railways:
Freight carloadings (Fed. Res. indexes):
129
120
129
Combined index, unadj
1935-39=100..
136
132
125
Coal ._:
do
184
175
175
Coke
do—
140
127
149
Forest products
do—
125
97
102
Grains and grain products
do—
95
74
77
Livestock.
—do—
93
101
92
Merchandise, 1. c. 1
do
46
50
73
Ore
do—
134
124
139
Miscellaneous
do.-,..
'p Revised.
Preliminary.
*New series. See note on corresponding item in the March 1942 Survey.
!Revised series. See note on corresponding item in the March 1942 Survey.
JPartially tax-exempt bonds.
SData for January 1942 are for 5 weeks; other months, 4 weeks.
1941
March
March
anuary
136
122
168
149
119
97
92
282
143
126
123
168
127
113
93
100
192
128
140
119
153
156
142
99
97
186
152
' 139
'116
'150
'159
' 131
'35
'100
'187
'151
44,927
188,280
8,983
109,893
83,106
165,018
63,701
160,073
1,839
107,175
62,005
1,046
146,271
8,104
773,292
590,659
182,633
139, 522
1,090
63,428
49,805
1,232
90,373
4,378
,104,072
785,387
318,685
126,904
331
'529
76,293 ' 73,766
99,979 ' 82,677
'1,097
1,097
142, 599 150,410
' 8,122
8,228
823,129 '823,169
613,659 616,604
209,470 206,565
206,120 179,083
1,741
1,503
1,789
1,467
1,094
613
264
923
544
251
1,116
660
310
973
479
199
2,694
2,649
3,704
2,463
995
690
52
1,941
700
48
2,670
1,033
60
1,748
710
51
1,520
1,791
1,535
890
632
131
1,036
754
197
907
629
126
271,426 415,675 291,839
209,257 312,053 218,993
181,387
199,661
440
1,057
5,831
1,611
392
891
3,892
1,407
February
TRANSPORTATION—Continued
DOMESTIC TBADE
Receipts, postal:
.
50 selected cities.....
thous. of dol.
50 industrial cities
do...,
Department stores:
Sales, total U. S., unadjusted-1923~25=100__
Atlanta!-1935-39=100..
Boston....
1923-25=100.
Chicago
1935-39=100.
Cleveland
1923-25=100.
Pallas.....
do...
Kansas City
1925=100.
Minneapolis!
1935-39=100.
New York....
_ 1923-25=100.
Philadelphia!-—
1935-39=100.
Richmond
1923-25=100..
St. Louis.l
__
_do
San Francisco!1935-39=100..
Sales, total U. S., adjusted!--1923-25=100..
Atlanta!
1935-39=100..
Chicago!
_
_
do.___
Cleveland.
1923-25=100..
Dallas
do
Minneapolis!
1935-39=100..
New York
„__ 1923-25=100..
Philadelphia!
1935-39=100..
St. Louis.....
1923-25=100..
San Francisco!
....1935-39=100..
1942
1943
Earlier data are available in monthly issues of
the Survey and the 1940 Supplement
'129
'132
'184
'153
'110
'76
'96
'47
'135
Class I Steam Railways—Continued.
Freight carloadings—Continued.
Combined index, adjusted..1935-39=100..
Coal.
do....
Coke
__
do
- Forest products
..do
Grains and grain products
.do
Livestock
do....
Merchandise, I. c. I
....do
Ore
do
Miscellaneous..
.do....
FOODSTUFFS
Stocks, cold storage, end of month:
Butter, creamery
thous. of lb_.
Cheese, total....
do....
Eggs:
Shell.-.,.-..
thous. of cases..
Frozen.
thous. of lb._
Fish, total (15th of month)
..do....
Total, meats...
mil. of lb_.
Beef and veal...'
thous. pflb..
Lamb and mutton
-___.__._^.do
Port, total
.do
Fresh and cured
do
Lard..
...do
Poultry
..:
do
Livestock:
''
"
Cattle and calves:
Receipts, principal mkts. thous. of animals..
Disposition:
Local slaughter
do
Shipments, total
do
Stocker and feeder.
do
Hogs:
Receipts, principal markets
_,._do
Disposition:
Local slaughter
.-...do
Shipments, total
_..j__.do
Stocker and feeder
.....do
Sheep and lambs:
Receipts, principal markets
J.._do
Disposition:
Local slaughter
....do
Shipments, total
do
Stocker and feeder
__..do
Raw sugar, United States:
Meltings, 8 ports
...long tons..
Stocks at refineries, end of month
do
LEATHER AND PRODUCTS
Hides and skins: '
Livestock (federally inspected slaughter):
Calves
..-- thous. of animals.
Cattle
.-.do___
Hogs.
....—
—.do...
Sheep and lambs
....do...
1,136
721
164
491
929
4,134
1,669
444
766
3,904
1,408
METALS AND MANUFACTURES
Iron ore (Lake Superior district): :
Shipments from upper lake ports
thous. of long tons_
793
Pig iron and iron manufactures:
Pig iron:
Furnaces in blast, end of month:
Capacity
short tons per day.. 164,675 152,750 159,270
217
205
220
Number
....
4,971
4,704
5,113
Production
thous. of short tons..
Steel, crude and semimanufactured:
Steel ingots and steel for castings:
7,393 ' 7,121 ' 7,125
Production
thous. of short tons.,
95
100
Percent of capacity..
—
Nonferrous metals: .
Copper:
Production:
Mine or smelter (including custom in*
92,202 85,701 "83,254
take)
short tons.
Refinery..._
d o . . . 89,552 95,322 30,017
Deliveries, refined, total.
do... 111,062 134,339 130,467
79,537 89,873 81,371
Stocks, refined, end of month
do...
Zinc:
Production, slab, at primary smelters
79,139 70,341 •79,276
short tons.
80,063 67,640 79,417
Shipments, total.
_..do.._
61,564 65,011 67,252
Domestic
...do...
21,702 13,345 23,925
Stocks, refinery, end of month
...do...
TEXTILE PRODUCTS
Rayon:
41.2
35.4
39.9
Deliveries (consumption), yarn*.mil. of lb_.
10.2
4.0
4.3
Stocks, yarn, end of mo
.-._.-,.do...
162,285
220
' 4,502
' ,6,521
96
' 80,148
81,724
107,616
77,329
73,476
74,775
59,957
22,626
36.0
4.4
TRANSPORTATION EQUIPMENT
American Railway Car I n s t i t u t e :
Shipments:
Freight cars, total
..number.
Domestic
do...
Passenger cars, total
do...
Domestic
do...
7,781
7,781
28
28
5,022
4,937
2
2
6t240
6,240
42
42
7,752
7,652
24
20
MONTHLY BUSINESS STATISTICS—Continued
1943
Earlier data are available in monthly issues o;
the Surrey and the 1940 Supplement
BUSINESS INDEXES
Income payments: t
Indexes, adjusted:
Total Income payments
1935-39*= 100.
Salaries and wages
do—.
Total nonagricultural income
do...
Total
mil. of dol.
Salaries and wages:
Total
do.
Commodity-producing industries
doDistributive industries—
-do—
Service industries
-do—.
Government
do—
Work-relief wages
do...
Direct and other relief
_•
.do
Social-security benefits and other labor income
mil. of dol..
Dividends and interest
do
Entrepreneurial income and net rents and
royalties
mil. of dol-.
Total nonagricultural income. _
do—.
EMPLOYMENT AND WAGES
National Industrial Conference Board:
Average weekly hours per worker in factories
hours..
Factory average weekly earnings... dollarsFactory average hourly earnings
do...
CHEMICALS AND ALLIED
PRODUCTS
Paint sales:
Calcimines, plastic and cold-water paints:
Calcimines—i
thous, of dol.
Plastic paints._
..do._.
Cold-water paints:
In dry form....,.-"
do...
In paste form
do...
Cellulose plastic products:
Nitro-cellulose, sheets, rods, and tubes:
Consumption
thous. oflb.
Production
_
do...
Shipments
.
do
Cellulose-acetate, sheets, rods, and tubes:
Consumption
thous. of lb_.
Production
_
do
Shipments.
do
Moulding composition:
Production
do
Shipments
do
LEATHER AND PRODUCTS
Leather:
Production:
Calf and kip
-thous. of skins-.
Cattle hides
thous. of hides..
Goat and kid
thous. of skins..
Sheep and lamb
do
Stocks of cattle hides and leather, end of month:
Total
.thous of equiv. hides,.
In process and
finished
do
Raw
do
METALS AND MANUFACTURES
Iron ore (Lake Superior district):
Consumption by furnaces
thous. of long tons,.
Stocks, end of month, total
do
At furnaces
do
On Lake Erie docks
do
Pig iron and iron manufactures:
Castings, malleable:
Orders, new
short tons..
Production
do.
Shipments
___
do.
Boilers, range, galvanized:
Orders, new, net
number of boilers..
Orders, unfilled, end of month. _.
do
Production
do.
Shipments
do.
Stocks, end of month
do
Steel, crude and semimanufactured:
Steel castings:
Orders, new, total
short tonsPercent of capacity
Railway specialties
short tons..
Production, total
do
Percent of capacity
Railway specialties
__t_.short tons-Steel, manufactured products:
Furniture, steel:
Office furniture:
Orders, new
thous. of dol..
Orders, unfilled, end of month
do
Shipments
do.
Shelving:
Orders, new..
do
Orders, unfilled, end of month
do
Shipments
*
do
Febru
ary
1941
FebriL
ary
1943
December
January
1943
1941
1943
Febru
ary
Febru- Decemary
ber
January
METALS AND MANUFACTURES-Con
156.
165.
153.
7,975
127.2
134.8
128.5
7,127
5,73:
4,731
5,830
2,587
1,983
1,114
867
689
121
96
2,550
1,400
951
84!
87
92
934
159
1,583
174
816
1,543
7,251
1,204
6,632
1,673
8,456
1,673
7,594
42.4
37.49
.880
41.0
31.41
.764
41.6
36.08
42.4
' 37.47
'.878
172
182
43
217
47
190
: 46
196
323
159
279
175
496
185
428
251
1,377
1,545
230
1,132
1,145
269
1,485
1,658
272
1,618
1,755
23
501
550
3,397
3,165
24
585
542
0)
8.
95
173
433
33
567
504
344
335
3.47S
3,225
1,879
1,642
154.6
161.5
150.3
77
3,597
974
2,482
3,981
4,555
1,014
2%134
3,067.
3,877
1,048
2,572
4.441
4,303
•-922
2,630
'4,226
4,163
13,932
8,774
5,158
13,624
9,385
4,239
14,021
8,691
5,330
14,118
8,818
5,300
6,403
27,526
23,835
3,691
5,673
24,195
21,100
3,096
7,062
40,457
35,563
7,158
33,919
29,627
4,292
66,292
65,140
62,724
76,055
63,331
62,066
56,587
71,311
70,744
:05,556
68,741
65,217
53,809
77,190
49,217
48,985
17,444
80,583
50,777
74,113
75,421
37,916
41,343
80,844
55,856
54,-465
17,785
42,781
72,366
50,557
61,259
17,212
LOS, 125 113,034
10.5
89.8
29,103
85,492 L31,518
112.4
73.0
28,692 45,640
:50,551
128.6
35,723
134,778
115.2
46,357
4,612
7,105
4,338
4,490
7,335
4,236
1,365
1,058
1,082
1,405
1,042
Machinery and apparatus:
Electric overhead cranes:
Orders, new
thous. 6f dol.
2,291
5,577
3,163
5,927
Orders, unfilled, end of month
do.,.
21,622 11,034 14,654 18,415
1,102
Shipments
do—.
2,216
2,197
2,079
Fuel equipment and heating apparatus:
Oil burners:
Orders, new, net
number.
16,006 16,328 23,225 19,784
Orders, unfilled, end of month
do-..
16,428 10,590 18,057 18,588
17,996 16,091 21,915 19,253
Shipments
-do...
Stocks, end of month
...do.-. 28,124 19,941 28,900 27,639
Pulverizers, orders, new
...do....
22
46
56
109
Mechanical stokers, sales:
7,8
Classes 1, 2, and 3
.-do
8,303
5,416
6,153
Classes 4 and 5:
Number
316
177
289
241
Horsepower
_
81,890 42,510 72,229 66,426
Pumps and water systems, domestic, shipments:
Pitcher, other hand, and windmill pumps
units.. 37,012 41,504 31,663 36,899
Power pumps, horizontal type.
do
«359
849
i •«984
1,150
Water systems, including pumps...do
17,282 16,703 20,809 17,423
Pumps, steam, power, centrifugal, and
rotary:
Orders, new
thous. of dol_.
5,784
4,482
2,459
4,138
Electrical equipment:
Domestic appliances, sales billed:
Ranees.-..
_
units.. 39,945 51,790 48,705 30,196
Vacuum cleaners, floor type
do
108,777 129,302 113,416 102,292
Vacuum cleaners, hand type
....do
16,157 34,696 14,446 21,288
Furnaces, electric, industrial, sales:
Unit
kilowatts.. 23,961 21,508 12,29S 21,520
1,719
Value
thous. of doL. 2,491
1,149
1,882
PAPER AND PRINTING
Wood pulp:
Production:
Total, all grades
Chemicals:
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwdod
Stocks, end of month:
Total, all grades
Chemicals:
Sulphate, total
Unbleached
Sulphite, total
Bleached
Soda
Groundwood
,
short tons.. 826,919
.
do...
...do...
do...
...do—.
do...
do...
do
do—
do.. do—
do—
-do—
369,792
316,197
247,032
141,637
52,910
157,185
715,577 848,056 916,708
322.355
268,405
202,323
120,137
44,547
146,352
373,737
324,942
253,004
145,133
53,737
167,578
403,435
347,383
274,704
156,252
57,389
181,180
120,700 198,600
95,900
117,700
61,100
55,700
73,100
48,600
7,400
57,000
13,900
9,500
36,100
21,600
3,700
42,200
16,500
11,000
39,000
22,500
3,700
58,500
14,900
30,500
37,700
23,900
4,000
64,100
TEXTILE PRODUCTS
nothing:
Hosiery:
Production.1.
thous. of dozen pairs.
12,204 11,558 12,555 13,147
Stocks, end of month
do.... 21,749 24,603 22,026 22,304
Wool:
Consumption (scoured basis) :t
Apparel class.
thous. of lb.. 41,592 35,948 43,696 '44,480
Carpet class....
do
6,016 10,996 11,708 '5,828
Machinery activity (weekly average) :J
Looms:
Woolen and worsted:
2,666 '2,421
Broad...:
thous. of active hours..
'2,706 '2,850
87
Narrow...
„._
_.do.._.
••78
'89
'90
211
Carpet and rug
do_._.
••227
227
233
Spinning spindles:
118,524 '98.401 110,157 118,654
Woolen
do
Worsted
do.... 101,360 115,506 129,890 120,806
Pyroxylin-coated textiles (cotton fabrics):
6,441
6,652
4,443
Orders, unfilled, end of mo.thous. linear yd..
7,825
6,042
5,473
6,262
6,637
Pyroxylin spread
thous. of lb..
6,611
6,298
7,398
6,499
Shipments, billed
thous. linear yd..
TRANSPORTATION EQUIPMENT
179,880
153.7
54,409
133,726
114.3
45,013
3,194
6,340
4,188
3,852
4,102
1,094
1,490
994
940
829
* Revised.
• Subject to revision.
t Revised series. Monthly income payments adjusted to recently revised annual
estimates; revised earlier data will be published later. For other indicated series,
see note on corresponding item in the March 1942 Survey.
Earlier data are aTailable in monthly issues of
the Survey and the 1940 Supplement
Automobile production:
Canada, total._
number.. 20,181 23,710 20,313 21,751
4,249
6.651
10,647
Passenger cars
-.do
134,134 485,622 282,205 238,261
United States (factory sales), total
do
Passenger cars
d o — 52,200 394, 513 174,962 147,858
Trucks..
do..-. 81,934 91,109 107,243 90,403
Eailway equipment:
U. S. Bureau of the Census:
Locomotives, railroad:
1,210
515
1,278
Orders, unfilled, end of mo., total, do
522
526
186
551
Steamf
do
684
329
677
727
Otherf
-do
96
Ai
100
Shipments, totalf
do
22
5
19
28
Steamf.-do
74
70
72
Otherf
do
IBata for 4 weeks. December figure covers 4 weeks ended Dec. 27 and January
4 weeks ended Jan. 31; no data were collected for week Dec. 28-Jan. 3.
i Publication of data discontinued to avoid disclosure of military pay rolls.
@FedFRASER